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issue right now, deficit, debt, from the ministrations point of view, it is not something are focusing on right now. >> take you for setting the scene. -- thank you for setting the scene. york, our guest host, we have the chart of earlier. it is a massive victory lap. can we get back to a surplus? can we get back to that surplus? >> that is certainly not on the near-term horizon. what is important to note, three years ago the deficit was 10% of tdp and this year, 3%. it wasn't pretty. it didn't look like the civics textbooks, but we have a lot of deficit reduction. we had the ryan murphy agreement. it basically takes fiscal policy off the table for the next two years. barring a dramatic or election outcome in november, the administration will be status quo for 2017. >> are you willing to say austerity in the u.s. worked while austerity in europe did not work question mark -- work? able to register economic growth. it has been sluggish. europe has not been able to pull it off and a big impact of the fed he been the economy supported. >> the former fed governor, wonderful textbook, i don
it toward deficit reduction and investing in america, our roads, our bridges, our schools our health care system, our priorities demand it and require it, afghanistan is now the most corrupt nation in the world. afghanistan supplies more illegal drugs to the rest of the world than any -- all the rest of the nations combined. it's time to end our involvement and stop that shameful waste of american taxpayers' and patriots' blood and treasure. thank you, mr. speaker. the speaker pro tempore: for what purpose does the gentleman from virginia seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, so order. mr. mcdermott: mr. speaker, you listen to the other side, you'd think that the costs of the environmental protection agency's efforts to reduce demrobal warming and to protect our environment are breaking the back of our economy. but it's hardly the case. what's really beginning to break the back of our economy is the cost associated with extreme weather events. from hurricane sandy to the droughts in the midwest and the
lending that will be done. in other words, the tax will go not to reduce the deficit or debt and it will be less lending. why would we be doing that? it makes no sense. spoke with a hunt representative and i want to get your take. to 25, and you are right, 99% of taxpayers will be at 25% or less. 99% and a when i was in school. what we do that is have trade-offs. >> back to the one percent argument. does this thing stand a snowballs chance in hell passing? >> for the bank tax, i hope not, cost -- because you will have less lending. the panel that i was on, and simpson bowles, better known to the general public, we all recommended dramatic reduction rates and elimination of most exemptions, deductions, and credits. that is the only way you solve the problem. if you go at it piecemeal, whether a bank tax on mortgage interest eduction, you never get it resolved. the reality is you want to balance the budget and get the debt in line with where it ought to be. you are going to have to do very dramatic things. i am glad that conversation is starting. you are known as one of the mos
, runaway deficits, political instability, i think argentina and venezuela are headed to a chaotic political environment that is going to affect brazil and chile. as a geopolitical matter, the united states and it's relationships with south america are at risk. the oil problem is a big one. if venezuela should really go essentially belly up, that is going to--that could raise oil prices for a while to $5 to $10 a barrel. >> first of all, brazil one of the countries we've talked about for several years now as being on an economic growth terror, that's not the case. it's growth has slowed and it will grow a little less or about the same as the united states in 2014. it will start to have an impact on the world. there is a real domino affect if latin america becomes a problem. what is the effect to the rest of us? >> it's probably pretty contained. i think argentina, the reason why we're concerned about brazil is we think argentina is really going to go down. in its economy, and in its politics. and argentina buys a lot from brazil and chile, so both of those countries are going to suffer in th
talked perfect sense. the is nothing moral about running up huge deficits about out of control welfare bills. we do not do with these problems, the whole country will be poorer. we should listen to the former arch bishop of canterbury. he said the churches should be aware of the dangers of blindly defending a gargantuan welfare budget that every serious alliteration would cut as a matter of economic common sense. i think serious politicians have to engage in it and that should go for everybody. i join my honorable friend's and congratulate the team on their brilliant performance at the winter olympics. as immediate threat of flood passes, some levels are still underwater and hundreds of businesses and farms are still struggling to recover. the committee on climate change, the u.k. statistical authority have all said the government investment in flood defenses -- in the likes of this, does the prime minister think it is right to revisit the plan for investment in flood defense? >> we will look carefully at the plans. we have set out spending figures all the way out through 2020, not all
to that. here is a look at rain deficit. we had nice rain but we are still nearly 7" below average in san jose, livermore, nearly 8" in sack machine dough and 10" at sfo and 10" at oakland and look at that, 17 in santa rosa. we need six or seven more storms to get average. the visibility is light in santa rosa because we have had the light rain and everyone is okay this morning although the clouds are rolling over us. the day planner the next 12 hours is light rain and middle temperatures from mid-40's to low 50's. the rain will hit the central board of inquiry noon -- the central bay by noon. temperatures top out in the mid-60's inland and mid-to-upper 50's during the evening. we have showers tomorrow morning during the commute and clouds in the afternoon and a mild breeze low 60 to 70 from the coast to inland and another storm on thursday. sue? >> good morning, mike, hello everyone. night light commute so far. if you are traveling mass transit, bart is on time and ace and muni off to a great start. >> there is some flooding from safeway to the scotty's market but flooding is on both sid
the deficit. most important of all, it is about energy independence for our country. it is about working with canada and producing energy in this country so that we get our energy here locally rather than having to get it from the middle east. that is what americans want. they want us to be energy secure in this country. to do that, we need to produce more energy like we are doing in my state of north dakota and montana across the border. movepipeline would mode -- that loyal as well as canadian oil. it is about producing oil here, or getting it from our closest friend and neighbor, canada, rather than being dependent on the middle east. classification you to have to wait on a pipeline, how safe israel transportation of these products versus pipeline transportation? is it.that we are becoming more energy secure. it is great. it is jobs and what people want. to go with that energy, we need infrastructure. that infrastructure includes pipelines as well as moving products safely by train or truck. the keystone xl will take 500 trucks a day off rose in western north dakota. it is a safety is
term on trying to boost job growth. over the ten-year window you will see steadily declining deficits. at the end the period i think you'll see a declining debt-to-gdp ratio. that's the right trajectory. >> yesterday we had warren buffett on the program. he said he thinks the proposal would be to boost the earned income tax credit even more, expand that in a bigger way. that's a way to boost wages for people that are working without looking at job losses by raising the minimum wage. how about offering it to a wider variety of people and taking the minimum wage proposal off the table? >> these things are not mutually exclusive. there's no reason you can't work at both ends here. >> is it something you would offer if you did a broad -- not what you're talking about right now, but boosting the income tax credit in a big way, offering it across the aisle as a way of finding compromise, in instead of looking at one from another. i think that would be something republicans would take on heartily. >> we're willing to consider any ideas republicans put on the table. the president is putting t
-- with respect to egypt, i think the report documents objectively and in detail persistent concerns and deficits over the course of the year in the previous government with respect to freedom of association, freedom of abusesy, security force and protections of religious minorities. we are working with the egyptian government in trying to offer engagement and support to offer civilian government and inclusive democracy in egypt. >> go ahead, steve. >> i want to ask about the human rights situation for the palestinians under occupation. issued itsernational own human rights report dedicated to the palestinians where it points to an alarming abuse of force in 2013 that resulted in the deaths of twice in 2011 and 2012 combined. we take very seriously seek information from the government of israel about these, the report on the occupied territories reports human rights violations by hamas in significant amounts and by the palestinian authority. it also notes in the case of israeli authority, documentation of excessive force and restrictions on freedom of expression and freedom of movement. i would j
-authorization that passed congress with bipartisan support , and reduces the annual budget deficits by $16. billion over 10 years. industry professionals across my home state of pennsylvania and nationally, including farmers, foresters, conservationists, researchers, and policy advocates have praised the law as an historic improvement. the federal agriculture policy that will improve land management, support key areas of economic activity, and bolster important investments in education and applied research. susan benedict, an american tree pharmacist thames certified forest owner from state college, pennsylvania, stated, and i quote, as a pennsylvania tree farmer i can happily say this farm bill was well worth the wait. with the promotion of new market opportunities and the biobased markets program and green building markets, improved access to critical conservation programs, an increased regulatory certainty when protecting water quality of my forestings rose, this farm bill is truly the best farm bill yet forests. i applaud the conference committee members for championing strong forestry provisions such
in the second half. the cowboys overcoming a deficit, shooting 64% from the field. the finals 72-65 osu. virginia continues to be one of the surprise teams. they beet syracuse outscoring the orange. celebrating an amazing season on senior day in charles otsville. the cavaliers had the first out right a.c.c. title in 33 years. the orange dropped three of their last four. >> on the links, tiger woods is trying to make noise after barely making the cut at the honda classic. woods beginning the third round it 11 shots behind rory mcilroy. china charged up the board, posting seven birdies. woods jumped 49 spots. seven behind the leader entering the final round. >> finally tempers flare in the english premier league. the manager, al-alan pardew ped butting david meyler. he wassest jected and -- he was ejected and finned $168,000. >> sydney's gay and lesbian community celebrated the mardi grass parade. more than 10,000 watched the spectacle. the australian navy band marched alongside secondly clad dancers. [ ♪ music ] >> crowds filled the streets of rio de janeiro for its mardi gras parties
the nucleus to correct from deficits for tell burterrible illnesses to pt blindness in the third person providing that healthy dna. all the characteristics of what may be a person of than an illness are conveyed by the biological parents. i don't have a problem with that. if all you are donating is the healthy environment in which the traits that belong to two biological parents are to grow, that seems okay to me. stuart: it will be taking a bit further, won't it? you are getting designer babies. >> now allow anonymous and oregon donation. it deprives the offspring of knowing their biological parents. will not even consider this. donate or over him. so is a kid doesn't know who the dad or mom is. what o you need to know that for? it is the key to who you are spiritually, medically. stuart: i am with you all the way. i'm not sure i see a way of banning it and stopping it when it gets to that kind of situation. how do you stop that? i'm going to touch on one of your favorite subjects. social media apps. you are not a fan of social media, but in this case social media is organizing tyrus.
that there are substantial long-term budget deficit issues and a need for a sustainable physical path for the country to focus to the maximum extent possible on fiscal changes that would address the longer run issues that will be associated with rising debt-to-gdp ratio over decades and to try to avoid doing harm to the recovery, and i would take the same general position. >> but in the short run there is a value of additional fiscal stimulation in the economy that will complement what you're already doing and make it easier for you to withdraw the quantitative easing. is that a fair comment? >> i think the economy is beginning to recover and we have made progress. and, you know, at a minimum, i would hope that fiscal policy would do no harm. >> just one other quick question you have looked at an unemployment rate of 6.5% as a point of inflection if you will. but one of the aspects of the current employment situation is that labor force participation is falling that 6.5% might not capture the reality of the current economy and be an adequate sort of measure when you should begin or how you should beg
, imbalances you have because of the current account deficits, you need to keep monitoring fiscal policy quite tight. you have to be a lot deeper into the upcoming fiscal year before you see contraction growth and that has to come on the back of implementation of projects, some of the economic reform issues that have been announced since may 2012. >> so i guess may is the key if we're looking for measures like this to be introduced. do you think that's going to be a turning point for the country? >> well, i think there's a few questions about will the government get enough of the mandate and therefore be able to, on the back of that, implement policies, but that remain toes be seen. so it might not be easy for some of the incumbent parties to necessarily muster the vote they need to have. but it's true, post elections, you know, in principal we should be more a possibility to get more on the petition side of these policies, let preoccupation with elections nearing, if you will. the kick start of the investment cycle, all of that cannot be turned on overnight. it takes a while before these type
off its deficits. charles: everybody saying marijuana is this thing like smoking cigarettes with no negative impact to it. there is a negative impact. >> we wish somebody in d.c. just as blunt about health care incentivizing to play the ppano while somebody subsidizes them to leave their job. charles: you can't make this stuff up, exporting goods is suing the ceo of what else for allegedly pretending to be a senior executive, he told the store manager he had a meeting with the ceo and persuaded the employees to show him around in the private back areas and answer questions about the operations. is that balls he or what? >> is this true? a secret agent man pretending he is an employee? charles: a senior executive. >> i think it is a right if it is true, it is a little bit over the top. charles: it is embarrassing to say this guy walked in and anyone could have done that. >> they should give him a coupon, think it is funny. charles: ukraine is spooking the market. your take is next. ♪ see what's new at projectluna.com >> the russians need american technology to develop their
remained overvalued despite an account deficit. >> reporter: the debt of the country has been falling, though, as a result, yields have been rising. they're not worried you're not going to be able to reservice it. are you worried about a restructuring? >> we are not worried, but ukraine needs external help for the next year or two. i think with sensible economic policies and with international support from the imf, u.s. and the eu, we can return to the market back within six months, maximum. >> reporter: if you listen to a discussion about ukraine and the united states, it's all about this is the eu or russia, a forced choice, some kind of big monumental decision for ukraine. do you see it so divided, choosing between eu and russia? >> ukrainians would not want to make it look like this. it wants help from all of its neighbors including russia and on the other side, but the majority of the population definitely supports european standards of business, democracy, free market economy. >> reporter: thanks so much for joining us, mr. fiala. we really appreciate it. tomas fiala, ceo of dra
. it was about $11 billion in deficit this year. the new government in kiev said the country is going to need about $35 billion over the next two years just to survive. the i.m.s. is working on a plan along with the european union and united states, saying they're going to try and help but can't do anything until there is a government in place because an official government hahas to those kind of requests and the e.u. and i.m.f. can't negotiate with anything other than official governments. they need a prim minister, a cabinet and that's all underway. it's supposed to be in place by thursday but still a long road ahead for ukraine. >> all right, jennifer glasse in ukraine, thank you very much. in our next hour, we will be taking a closer look at ukraine's former prime minister and her role in shape that go countries future. these are live images coming out of parliament in ukraine and as you can see, the tensions there still exist. also viktor yanukovych still a man on the run. >> the u.s. state department is expelling three venezuelan diplomats, just days after a group of american officials
at home than we buy from the rest of the world. we have cut our deficits by more than half since i took office. and for the first time in over a decade business leaders around the world have declared that china's no longer the world's number one place to invest. america is. we have made great progress, but we must do more to rebuild our economy and new foundation for growth and prosperity. i believe that what unites the people of this nation, regardless of race or region or party, young or old, rich or poor, is the simple profound belief in opportunity for all. the notion that if you work hard and take responsibility you can get ahead. that belief has suffered some serious blows. over more than three decades, even before the great recession hit, massive shifts in technology and global competition have eliminated good middle-class jobs and weakened the economic foundations that families depend on. today after four years of economic growth, corporate profits and stock prices have rarely been higher and those at the top have never done better. but average wages have barely budget. inequali
't have enough import to fund our consumption or enough saving to support our deficit. what are we going to do if china changes and we don't. >> but i gather that you think they're on the ascendency and we are clearly on the decline. that is the -- i will say, that was my takeaway. >> they are rebalancing their model to keep the growth and development story going and that will certainly take them to a larger scale of their economy than ours, at some point in the next five to ten years. >> gdp. >> their per capta gdp, joe, is going to be increasing, but at a much slower pace. for a long time. >> multiplied out and that's why it's bigger. >> for a long time. are we on the decline? that's the big debate in america. we continue to undersave, underinvest in people, infrastructure, and capacity. and if we don't get that together, then their ascendency will coincide with our decline. >> we've had periods like this before. >> yeah. >> i mean, you're optimistic we get it together or do you think we're the roman empire? >> no, look, i hope we get it together. what i don't see is a debate on the st
to address the debt and deficit. his vice president told democrats at their retreat that they have no interest and won't push for trade promotional authority. and the president has said his focus will be going around congress instead of working with it. so we have two options. we can follow the president's lead and pack it in for the year, just wait for the election, or we can pursue our own vision and continue to present alternatives to the mess that the president has brought us over the last five years. and that's exactly what we will do. we'll lead and our members will not shy away from advancing better solutions for the american people. it's why our ways and means chairman has commenced a discussion about how to reform our broken tax system. that's why our leaders have outlined a vision for how we would tackle immigration reform. that's why chairman ryan will write a balanced budget that helps save our entitlement programs. and it's why our members will offer an alternative when it comes to obamacare. we'll offer better solutions on jobs, job training, education, and a host of
Search Results 0 to 20 of about 21 (some duplicates have been removed)